HUDCO CMP 208
I have posted the weakness in this counter many a times. Here is the road map.
Elliott - this is the C wave downfall. The minimum tgt for this is at 163. In my view it will fall more. The current fall should halt at 202 from where a three wave rally should take it to 218. This is an example of how the fourth waves tend to cluster together. I will want to sell this rally to 218 as the correction will take it down to 183. This will be a good 16% and will come in quick time.
Conclusion - see how the box on the right and the first fib zone on the left both end at 183. Diff zones and methods have been used, but the result is the same.
I have posted the weakness in this counter many a times. Here is the road map.
Elliott - this is the C wave downfall. The minimum tgt for this is at 163. In my view it will fall more. The current fall should halt at 202 from where a three wave rally should take it to 218. This is an example of how the fourth waves tend to cluster together. I will want to sell this rally to 218 as the correction will take it down to 183. This will be a good 16% and will come in quick time.
Conclusion - see how the box on the right and the first fib zone on the left both end at 183. Diff zones and methods have been used, but the result is the same.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.